305 Union StFranklin, MA 02038

  • Industrial properties
  • 5.37 AC
For Lease
$8/SF/YR View listing

Property Details for 305 Union St

Lot size
5.37 AC
Property type
Industrial properties
APN
FRAN M:287 L:074
APU
FRANM287L074

Description

This exceptional 93,729 square foot multi-tenant property, situated on 5.369 acres, presents a unique opportunity for businesses seeking flexible office and warehouse space. Built in 1900 and boasting three stories, this building offers a blend of historical charm and modern functionality. The property features five available spaces ranging from 260 to 18,750 square feet, catering to a variety of business needs and sizes. The building is equipped with robust 3-phase 480v power, ensuring sufficient capacity for industrial operations. Conveniently located just outside downtown Franklin, this property benefits from immediate access to Route 140, placing it within approximately 1.5 miles of exits 16 and 17 on Route 495, providing easy access to major transportation arteries. Its proximity to Dean College and the Franklin town center train station further enhances its appeal, offering employees convenient commuting options. The property is serviced by town sewer, water, and gas lines, providing reliable utilities. This versatile property is ideal for businesses requiring a combination of office and warehouse space in a strategic location with excellent infrastructure and accessibility. The available spaces offer a range of sizes, allowing for customization to meet specific business requirements. This is a rare opportunity to secure a well-located, functional, and historically significant property in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $44,258,108
    Hospitality
    $40,540,188
    Educational
    $33,728,960
    Medical
    $34,888,952
    Retail
    $52,467,272

Location Insight

City
Franklin
County
Norfolk
State
Massachusetts
Latitude
42.0779
Longitude
-71.4062
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$36,260
$1,257,800
$1,817,700
$3,075,500
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